Hantz Financial Services Inc. Reduces Position in On Holding AG (NYSE:ONON)

Hantz Financial Services Inc. trimmed its holdings in On Holding AG (NYSE:ONON) by 9.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,448 shares of the company’s stock after selling 2,052 shares during the period. Hantz Financial Services Inc.’s holdings in ON were worth $1,120,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ONON. R Squared Ltd purchased a new position in ON in the 4th quarter worth approximately $154,000. Legacy Bridge LLC purchased a new position in ON during the fourth quarter worth approximately $43,000. Blue Trust Inc. boosted its stake in ON by 148.8% during the fourth quarter. Blue Trust Inc. now owns 1,316 shares of the company’s stock worth $66,000 after buying an additional 787 shares during the last quarter. Bennett Selby Investments LP grew its holdings in ON by 7.8% in the 4th quarter. Bennett Selby Investments LP now owns 21,849 shares of the company’s stock valued at $1,197,000 after buying an additional 1,578 shares in the last quarter. Finally, Capricorn Fund Managers Ltd acquired a new stake in shares of ON in the 4th quarter worth $3,536,000. 36.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ONON has been the subject of a number of analyst reports. Williams Trading raised shares of ON from a “hold” rating to a “buy” rating and upped their price objective for the company from $40.00 to $60.00 in a report on Wednesday, November 13th. Robert W. Baird raised their price target on shares of ON from $55.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Truist Financial upped their price objective on ON from $58.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Telsey Advisory Group restated an “outperform” rating and issued a $67.00 target price on shares of ON in a research report on Wednesday, January 15th. Finally, Barclays increased their price target on ON from $47.00 to $63.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, ON presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.73.

ON Stock Down 5.8 %

Shares of NYSE:ONON opened at $59.90 on Friday. On Holding AG has a fifty-two week low of $26.22 and a fifty-two week high of $64.05. The firm’s 50 day moving average price is $57.40 and its 200 day moving average price is $50.37. The stock has a market cap of $37.72 billion, a price-to-earnings ratio of 139.31, a price-to-earnings-growth ratio of 1.27 and a beta of 2.30.

ON Company Profile

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.